Winnipeg, Nov. 13 (CNS Canada) – Second-guessing Statistics Canada crop information may be a time-honoured tradition across the Prairies, but there are trends in the data that stand out, according to a recent report from the government agency. Looking at data over the past decade, total seeded canola acres were revised higher in the June […] Read more
Phil Franz-Warkentin
Stories by Phil Franz-Warkentin
Canola futures hit 15-month low
Canola futures slid to their lowest levels in 15 months during the week ended Nov. 9, but managed to uncover some support to the downside and could be consolidating. While off-the combine deliveries were slowing down with the advent of winter, the commercial pipeline is still filled with recently harvested canola supplies. The weekly Canadian […] Read more
Small drop for canola; wheat fairly steady
ICE Futures canola contracts were weaker on Thursday, although the market finished well off its session lows as traders reacted to activity in the Chicago Board of Trade soy market. Updated supply/demand numbers from the United States Department of Agriculture were bearish for soybeans, and early selling pressure there spilled into canola. Large supplies in […] Read more
Canola strengthens; wheat closes lower
ICE Futures canola contracts strengthened on Thursday, as the market recovered off of major chart support. Speculators covering short positions and end users taking advantage of bargain prices accounted for some of the buying interest in canola, according to participants. A slowdown in seasonal hedge pressure and gains in Chicago Board of Trade soyoil were […] Read more
Small losses for canola; wheat stronger
ICE Futures canola contracts posted small losses on Tuesday, but finished well off their lows for the session as support held to the downside. Bearish technical signals sent the most active January contract to a session low of C$480 per tonne in early activity, but oversold price-sentiment and an increase in end user demand helped […] Read more
Canola prices drop as farmers make progress on harvest
Canola contracts on the ICE Futures exchange fell to their lowest levels of the past year during the week ended Oct. 26, as harvest operations across Western Canada finally neared completion. Farmers in both Alberta and Saskatchewan reported good progress during the week, helping ease concerns over unharvested acres being left out over the winter. […] Read more
Canola funds maintain net long position
Speculators grew their net long positions in the ICE canola market slightly during the week ended Oct. 23, while commercial traders built their positions on the short side, according to the latest Commitment of Traders(CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators moved to a […] Read more
Canola holds; soy, wheat drop
ICE Futures canola contracts settled narrowly mixed on Thursday, seeing some consolidation after recent losses after trading to both sides of unchanged throughout the session. Losses in Chicago soybeans and the advancing Canadian harvest did put some pressure on values. The latest crop report out of Saskatchewan released earlier in the day showed farmers there […] Read more
Manitoba edible bean harvest wraps up
After a long and drawn out harvest Manitoba farmers have finally finished bringing in this year’s edible bean crop. While the late harvest raised quality concerns in the province, ample North American supplies should limit the upside price potential. “The harvest started really early, and we were moving at a pretty good clip…and then the […] Read more
Market watching late harvest
Canola futures have found themselves in a downward slide, with the market settling right above major support levels on Oct. 24. The January contract finished Wednesday’s session at C$491 per tonne, which was right above major support at C$490 per tonne. “If it legs down, I think a swing target could be as low as […] Read more
